Reebok 2015 Annual Report Download - page 113

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109
3
GROUP MANAGEMENT REPORT – FINANCIAL REVIEW
Group Business Performance – Economic and Sector Development
MOMENTUM IN THE SPORTING GOODS INDUSTRYCONTINUES
In 2015, the global sporting goods industry grew, supported by rising consumer spending in both emerging
and developed markets. The e-commerce channel continued to see rapid expansion, as retailers leveraged
opportunities across mobile technologies and social media. From a category perspective, athletic footwear
showcased a robust performance in 2015. While casual and retro running as well as hiking posted strong
gains throughout the year, technical running and marquee performance basketball slowed somewhat. On
the athletic apparel side, sales were negatively impacted by unfavourable weather conditions. In addition,
hardware sales remained challenged as participation levels in team sports continued to decline. On the
fashion side, athleisure remained an important growth driver for the industry.
In Western Europe, improvements in consumer sentiment supported growth of the sector. In European
emerging markets, a contraction in disposable income driven by high inflationary pressures and the
continuing weakness of the rouble negatively impacted consumer sentiment and spending and detracted
from the sporting goods sector’s expansion, especially in Russia.
02 QUARTERLY UNEMPLOYMENT RATE BY REGION 1
IN % OF TOTAL ACTIVE POPULATION
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
USA 25.7 5.5 5.4 5.1 5.0
Euro area 311.4 11.2 11.0 10.7 10.4
Japan 43.4 3.4 3.4 3.4 3.3
China 54.1 4.1 4.0 4.1 5.1
Russia 65.3 5.9 5.4 5.2 5.8
Brazil 74.3 6.2 6.9 7.6 6.9
1 Quarter-end figures.
2 Source: US Bureau of Labor Statistics.
3 Source: Eurostat.
4 Source: Japan Ministry of Internal Affairs and Communications.
5 Source: China National Bureau of Statistics.
6 Source: Russia Federal Service of State Statistics.
7 Source: Brazil Institute of Geography and Statistics.
03 QUARTERLY DEVELOPMENTOF CONSUMER PRICE
INDEX 1BY REGION
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
USA 20.8 (0.1) 0.1 0.0 0.7
Euro area 3(0.2) (0.1) 0.2 (0.1) 0.2
Japan 42.4 2.3 0.4 0.0 0.2
China 51.5 1.4 1.4 1.6 1.6
Russia 611.4 16.9 15.3 15.7 12.9
Brazil 76.4 8.1 8.9 9.5 10.7
1 Quarter-end figures.
2 Source: US Bureau of Labor Statistics.
3 Source: Eurostat.
4 Source: Japan Ministry of Internal Affairs and Communications.
5 Source: China National Bureau of Statistics.
6 Source: Russia Federal Service of State Statistics.
7 Source: Brazil Institute of Geography and Statistics.
04 QUARTERLYCONSUMER CONFIDENCE
DEVELOPMENT 1BY REGION
Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015
USA 293.1 101.4 99.8 102.6 96.3
Euro area 3(10.9) (3.6) (5.5) (7.0) (5.7)
Japan 437.5 41.1 41.9 40.4 41.3
China 5105.8 107.1 105.5 105.6 103.7
Russia 6(18.0) (32.0) (23.0) (24.0) (26.0)
Brazil 7109.2 100.0 96.2 96.3 96.3
1 Quarter-end figures.
2 Source: Conference Board.
3 Source: European Commission.
4 Source: Economic and Social Research Institute, Government of Japan.
5 Source: China National Bureau of Statistics.
6 Source: Russia Federal Service of State Statistics.
7 Source: Brazil National Confederation of Industry.